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Journal

News/Business. Breaking news from around the world. (CC) (Stereo)

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PBS

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00:29:59

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Channel 71 (507 MHz)

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mpeg2video

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ac3

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528

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480

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China 7, Europe 6, Greece 5, Syria 4, Us 4, Euros 4, Russia 4, Paris 3, Athens 2, Moscow 2, Eu 2, Fukushima 2, Geddes 1, Pete Townshend 1, The South Pacific Island Nation 1, Ifo 1, Banking Union 1, Assad 1, Cia 1, Bashar Al-assad 1,
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  PBS    Journal    News/Business. Breaking news  
   from around the world. (CC) (Stereo)  

    December 13, 2012
    6:30 - 7:00pm PST  

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>> live from berlin, this is the "journal" on dw.
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>> here is what is coming up. a better watch on the bank. eu leaders agreed to reforms to prevent the biggest banks from ever teetering on collapse again. >> rebels on the advanced again. syria's capital shaken by blasts. a senior russian minister admits the assad regime is losing control. >> why one of the world's most famous museums is branching out. >> europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. >> the european union leaders held an agreement that would tend banking supervision away from national governments and park -- would take banking supervision away from national governments. >> if the bank -- does need a
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bailout, all of europe will help foot the bill. >> the deal came after a prolonged deadlock over the details of the proposal. the german chancellor was full of praise for the outcome. but it's a good sign that the finance ministers agreed on a banking supervisor. it is a big step towards greater confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct supervision -- direct injection into ailing banks. >> it is no longer the sole responsibility of the member states. rather, all of europe will step in. >> but president hollande did not get everything on his wish list. germany insisted that smaller banks, which make up a large part of its banking system, be overseen by national authorities, and it got its way.
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>> it is important to have a clear division between banking supervision and monetary policy. >> the supervisor will begin work in march, 2014, and be responsible for banks holding more than 30 billion euros in assets. the deal should ensure european taxpayers no longer have to foot the bill when financial institutions find themselves in trouble. >> i'm very satisfied. contrary to expectations, the 27 finance ministers have managed to save the european council. >> as for the question of who will succeed john graja and kurt as head of the eurozone, that is something members -- jean-claude junkecker as head of the eurozo, that is something members still have to decide. >> is this decision basically admitting that national
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governments are no longer able to keep their countries' banks in line? >> no. first of all, it is admitting that if you have a common currency, then you actually need to have common supervision in place as well. you have to understand that the eurozone is a very unique system. you have different nations, different states, with different systems. so far, there has not been enough coordination going on. this is admitting, ok, we need to work together, creating this common supervisory board only makes sense if you have a common currency. also, the goal was always to avoid the knock-on effect. this was a very important step. in a way, and the mistakes that were made when the euro was introduced are being -- in away, the mistakes that were made when the euro was introduced are being -- in a way, the mistakes that were made
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when the euro introduced are being corrected. this is bringing us closer to true banking union. fiscal union is way down the line. that would involve having to change eu treaties, and that is not something that anybody wants here at the moment. we are still in the middle of a crisis. we are a bit more stable than we were a couple of months ago. that's what everybody has been saying here, but this union is not something that we can tackle quite yet. this meeting is about figuring out where we want to go. there will not be any decisions today. >> we have heard that before. thank you very much. >> in another attempt to remedy the eurozone crisis, european finance ministers have said yes to releasing more aid to greece. in a 50 billion euros were freed up on thursday for athens -- >>
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the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad austerity measures. greeks see the reason to believe next year will be any better. >> they may receive the tranche, but it would be spent in a few months. we will soon be asking for more money. i don't see how that will help the economy. >> one minister remains hopeful, consulting with his counterparts on how to get the economy back on its feet. >> we want to work together to organize a support fund to promote economic growth in greece. >> but that would require attracting private investors. to do that, greece must first settle it unpaid bills.
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>> of the 9 billion euros that greece still owes, we will pay back everything by 2013 in accordance with the troika deal. >> so, for now, greeks can breathe easier. eurozone finance ministers approved another round of bailout funds set to be released in the coming days. >> to syria now. for the first time, russia, a key ally of damascus, has said the assad regime is losing control and that a rebel victory can no longer be ruled out. >> thursday, dozens of people were killed in bombings in and around the syrian capital. a car bomb killed the most -- claimed the most lives. >> it is for this building and and several others. reports by syria's state run -- and destroyed -- it destroyed
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this building and damaged several others. the government said the bombing was a terrorist attack, a term syria's president, basher of assaad -- bashar al-assad, uses to describe rebel activity. russia has acknowledge the rebels might defeat the government. until now, the kremlin has been a firm ally of the syrian regime. after recent developments, a defeat for assad cannot be ruled out. >> our moscow correspondent was asked what was behind the unusually frank comments by the russian deputy foreign minister. >> they were quite unusual remarks coming from russia.
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it seems that he simply expressed a personal opinion. it was not with the blessing or strategy from above. we have heard from sources close to the foreign ministry that they're not happy about the interpretation of the comments. there is another indicator that makes it look more like a blunder, not an official turn in russian policy. the statement has not been shown are mentioned on russian state tv at all. on wednesday, russia -- at the moment, it seems quite unlikely that we are looking at a real change of policy here. >> that was our correspondent in moscow. >> to some other news now. a german man who says he was kidnapped by the cia has won his case at the european court of human rights. >> judges ruled that the
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macedonian government violated khaled el-masri's human-rights. the german citizen of lebanese descent was imprisoned in 2003 after being mistaken for a terrorist suspects. he was handed over to the cia, which held him in afghanistan. the court ordered that he be paid damages of 60,000 euros. europe might still be gripped by the debt crisis, but the german engineering sector continues to mark what improvement after another. new figures show sales have returned to pre-crisis levels. >> companies have added 30,000 jobs this year alone. one company is a prime example of how the sector is benefiting from the move -- move. >> they are a prime symbol of what makes europe's biggest economy so strong. 85% of the company's products are shipped abroad.
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this year manager oversees 216 employees, but the work force is not enough -- this junior manager oversees 216 employees, but the work force is not enough to keep up with demand. >> we are very busy, both here and elsewhere, and we need more people, but there are not enough qualified workers on the market at the moment. >> with sales of nearly 15 million euros, they are rounding out their most successful year ever. global demand is rising, and industry is booming. >> we are seeing higher-than- expected growth in the u.s. america's re-industrialization is something we are noticing. we are seeing substantial gains in asia, not just in china, but also in the asean countries. >> the industry engineer -- the engineering industry is expecting high turnover. experts are optimistic the upward trend will continue next
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year. they are hoping the global demand will continue to keep the eurozone crisis at bay. >> to the markets. worries about the future of the german economy weighed on markets. we have this a bit from the frankfurt stock exchange. -- this update from the frankfurt stock exchange. >> the dax closed down at the highest level since five years, the day before. some profit-taking. shares have been dragged down by concerns that the german economy might cool down pretty soon. the ifo institute lowered its growth expectations for the german economy. the federal reserve seems to be quite pessimistic. looking at the u.s. economy, the fed thinks that the unemployment rate will stay very high next year. >> let's take a quick look at some market numbers.
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the dax closed at 7569. the euro stoxx 50 ended the day just a tad down. the dow jones is currently going down over 1/2 of 1%. >> hong fighting broke out in the ukrainian parliament -- fighting broke out -- >> fighting broke out in the ukrainian parliament. >> there are claims the governing coalition broke parliamentary rules by trying to force through the both. after the disruption, parliament elected a government-backed candidate to lead it. >> gentlemen, behave. >> japan is facing a new general election. >> more on that in a few minutes. first, these other stories making news. japan has accused china of violating its airspace after a
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chinese government plane was spotted over a group of disputed islands in the east china sea. japan this past fighter jets and launched an official complaint with -- japan dispatched fighter jets and launched an official complaint. the islands are claimed by both japan and beijing. >> palin's prime minister has been charged with murder. the charges relate to the death -- thailand's prime minister has been charged with primer. the charges relate to the death of a tax dry -- taxi driver. >> the south pacific island nation of samoa has been lashed by a cyclone. the storm and damaged buildings, uprooted trees, and caused flooding. officials have declared a state of emergency. no injuries have been reported. >> an autopsy has confirmed
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that the prisoners committed suicide after being caught up in a prank phone call -- that a british nurse committed suicide after being caught up in a prank phone call. two australian radio jockeys have apologized for the prank. a suicide note was found near where the nurse was hanged. >> a special report on japan, which goes to the polls this sunday. >> we will be back in one minute with more. stick around.
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>> welcome back. japan's voters are heading to the polls this sunday. many are saying the current government's days are numbered.
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>> there was a slump, the tsunami, the earthquake, the nuclear meltdown. >> there has been political deadlock in the country for months, with conservatives blocking the government's financial reforms. >> for decades, japan was the textbook model of progress -- the cutting edge, high-tech nation with unstoppable economic growth and political stability. but now the country that once seemed to have all the answers is grappling with how to shape its future. political deadlock forced prime minister is your note -- noda. his opponent wants his old job back. he gets a second chance, he faces no shortage -- if he gets a second geddes, he faces no shortage of challenges -- if he
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gets a second chance, he faces no shortage of challenges. >> these are problems japan will be facing for a long time to come, and they require clear action from politicians. the big topic right now our territorial disputes with china. -- right now are territorial disputes with china over the senkaku islands and how japan should continue its nuclear program. >> the event at fukushima have changed the culture -- the events at fukushima have changed the culture. ongoing demonstrations to end japan's nuclear program entirely demonstrate a clear change in japan. more and more japanese are questioning their leaders. >> in that sense, the fukushima disaster has definitely made voters more politically active.
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it has made them take a more critical look at the government. the anti-nuclear movement is growing. it is taking root and teaming up with movements around the world. in general, there is a move towards alternative lifestyles, and that is certainly playing a big role on the political stage. >> questions also surround japan's weakened economy. sony was recently downgraded to junk status by ratings agency fitch. japan's once booming auto industry has also seen a slump in sales. competition from china and south korea continues to grow. china is also showing increasing confidence in its military operations. this year, japan and china have been locked in a saber-rattling showdown over the uninhabited, but highly disputed island group called the senkaku by the japanese.
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the conflict has provided a bullhorn for japan's far right. >> i don't think japan's politics will swing to the right. i think we are more likely to see a coalition government that is going to have a lot of trouble agreeing on one message. >> that is what i see right now coming from japan's voters, too. >> the latest polls predict a change of government with abe at the helm. 1/3 of japan's voters say are still undecided. >> a local football team was one of the few sources of pride in their area. >> they are hoping their porches -- fortunes will improve. the town could be the next to experience what is known as the
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bilbao of that -- bilbao effect. a new, big-name museum is coming to town. >> people are hoping the attraction will mark the start of a brighter future. the former coal mining region now boasts a branch of one of the world's most famous art collections. the louvre. it is hoped the transparent architecture will draw and locals, many of whom who -- have never set foot in paris museums. >> culture is not really my thing. my girlfriend persuaded me to come. today is the grand opening. i had to take advantage of it. >> there are no rooms dedicated to specific periods of art. instead, a visit here is a journey across time and space. organizers have arranged the pieces into islands of art, including highlights from greece and ancient egypt.
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the design is intended to make it accessible to the general public. entry is free of charge for a year. during that time, visitors will be able to admire this masterpiece, "liberty leading the people." after that, it will be returned to the main holdings in paris. among the first visitors are a former state railways employee and his wife. now they don't have to make an extra trip to paris just to see a rembrandt. >> everything is wonderful. all the paintings and with it are displayed -- and the way they are displayed. >> it is great. i never thought it would be like this. it is unique. >> for people here, going to
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museums is not something that is part of everyday life. we want to change that. we want to show them how a museum can be. we want them to come back again. and we think we are succeeding. >> organizers hope works like this one by leonardo da vinci will also help attract tourists, who might not otherwise be inclined to venture to the region. those who, are allowed to get close to the art, much to visitors -- those who come are allowed to get close to the art, much to visitors' delight. >> it is so beautiful. and that they hope that war will spread and bring more people -- >> they hope that word will spread and bring more people to lens. >> the rolling stones, paul mccartney -- >> they played at a fund-raiser at madison square garden to benefit the victims of superstorm sandy.
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>> one of the highlights was new jersey's own bruce springsteen. >> ♪ we'll take what we can carry ♪ >> "the land of hope and dreams" is about sticking together during tough times. the boss played the opening notes of the new york benefit. >> ♪ meet me in the land of hope and dreams " >> springsteen's native new jersey was particularly hard hit. this date is set to receive 40% of the concert proceeds -- the state is set to receive 40% of the concert proceeds. rocker pete townshend and the who also chipped in. and "another brick in the wall."
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♪ >> i sort of feel like a new yorker. i was very pleased to come here tonight and be able to stick in my -- to help the people who have been badly affected by this storm. >> it has been six weeks since sandy pummeled the u.s. east coast, leading 120 people dead. thousands of homes remain uninhabitable. the concert raised tens of millions of dollars to help them rebuild. the rolling stones played their part, too. mick jagger joked it was the most old man he had ever seen on one stage -- most old men he had ever seen on one stage. >> he isis truth. >> still a good concert. bundesliga powerhouse bayern
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munich are set to go into the break at the top of the table. >> they face gladbach. >> they remember the sting of defeat. last season, the keeper and his team lost to gladbacn twice -- gladbach twice. bayern sits firmly at the top of the table, but they need a win on friday to break dortmund's record. >> i think that gladbach do not have a chance. >> it will probably be 3-0 or 4- 0. >> gladbach enter the game as
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underdogs, but that does not scare the coach. >> they have always been one of the best teams in europe. they have fought well and wisely, but all that does not matter to us -- us. we have a lot of respect for bayern, but we are not afraid. >> perfect conditions for a thrilling and maybe even historic rendition of a bundesliga classic. >> the english club chelsea might be out of the champions league already, but at least they have reached the final of the club world cup. they beat monterrey 3-1. an own-goal sealed the win.
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they will face the brazilian side in sunday's final. that is going to wrap it up for us. >> see you soon. captioned by the national captioning institute --www.ncicap.org--
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